Board & Management

Mr. G. A. Ogunleye - Managing Director/Chief Executive Officer

Mr. Ganiyu Adewale Ogunleye, OFR has been the Managing Director/Chief Executive Officer of Nigeria Deposit Insurance Corporation (NDIC) since October 1999 when he was appointed to that position by the Federal Government. He graduated from the University of Ibadan where he obtained his B.Sc degree on Economics in 1973.

Prior to that appointment, he had worked in various operations Departments of the Central Bank of Nigeria (CBN) which he joined in 1974. He also served as the Director of Banking Supervision, a department that is responsible for the supervision of banks and non-bank financial Institutions to ensure the safety and soundness of the financial services industry. He was involved in generating policy papers on Prudential Regulation. He was also engaged in On-Site Examination of Banks both locally and overseas. During his tenure, he made remarkable contributions to ensure the stability of the banking system which had experienced financial distress, through the illiquidity and insolvency of several financial institutions. He also chaired the Committee that midwived the establishment of the CBN's Credit Bureau.

In 1989, Mr. Ogunleye served on the Committee on Liquidity Crisis in the Banking System. He also served on the Committee constituted in 1990 by the Nigerian Accounting Standards Board to prepare the Statement of Accounting Standards for Banks to ensure accurate financial reporting by the banks. In 1994 he was appointed the pioneer Secretary of the Financial Services Regulation Coordinating Committee whose mandate was to coordinate the supervisory activities of the regulatory institutions in the financial services industry. He served in that capacity until 1997. Mr. Ogunleye who played a pivotal role in the issuance of Prudential Guidelines for Licensed Banks by the CBN in 1990, was also the Chairman of the Transitional Supervisory Boards (TSB) of eight banks which were adjudged technically insolvent. The specific mandate of the TSBs was to facilitate the resolution of the distress of affected banks. Between 1996 and 1998, he was the Chairman of the Committee of Bank Supervisors in West and Central Africa. He has also been Vice Chairman of the Governing Council of the Financial Institutions Training Centre since 1999.

He was elected to the Executive Council of the International Association of Deposit Insurers (IADI) in Basle, Switzerland in July 2002 and also serves as the Chairman of the Africa Regional Committee of the Association. He was awarded the national honour of Officer of the Order of the Federal Republic (OFR) in 2002. He is presently a member of the Consultative Committee on Bank Consolidation approved by Mr. President.

He had attended numerous courses in Bank Supervision organized by leading Regulatory Institutions in U.K, USA, Canada etc as well as various Management Development Programmes.

He is widely travelled and married with children.